In a move of the significance seldom seen in the advertising world, General Motors has named Carat, part of the giant Aegis group, its global media and planning agency – a deal worth $3 billion annually, and perhaps significantly more in the coming years. The move comes after a shoot-out among four major agencies, including Publicis Group’s Starcom, which had been handling media duties in North America, where two-thirds of GM’s advertising budget was traditionally tallied.
(Click Here for the breaking news.)
The global realignment is just the latest in a series of steps that have been taken since former Hyundai Motor America marketing chief Joel Ewanick relocated to Detroit nearly two years ago. But the 51-year-old Ewanick, in an exclusive interview with TheDetroitBureau.com, says it’s not about to be the last big change. Among other things, he confirms the results of a review of Chevrolet’s creative account will be announced in the coming weeks, with other big moves to follow.
Ewanick also stressed that the marketing and media changes are just part of a broader shake-up within General Motors designed to create a leaner, more nimble manufacturer that has clearly defined its brands and is now rolling out the appropriate products to keep its momentum going. Considering GM last year regained its perch as the world’s largest automaker, that’s no easy challenge.
Here’s what Ewanick had to say about the latest developments and what they mean for GM longer-term: